I have no confidence the unemployment rate will stay where it is, says Renaissance's Dutta

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  • Опубліковано 9 вер 2024
  • Neil Dutta, Renaissance Macro Research, joins 'Taking Stock' to talk what to expect from the Federal Reserve going forward.

КОМЕНТАРІ • 83

  • @Mckate45
    @Mckate45 24 дні тому +248

    Great video, The first $100,000 invested was amazing. But when you hit $300,000 it’s like smashing the glass ceiling! I cried.

    • @Patlove21
      @Patlove21 24 дні тому

      I completely agree with you! My first 100k took a long time and wasn't that special to be honest with you. Once I hit 300K that is the game changer in my opinion. At this point my money is basically making me a pretty good yearly salary. When I go to sleep at night I know my money is making decent money with the help of my FA

    • @McRoland16
      @McRoland16 24 дні тому

      Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.

    • @Mckate45
      @Mckate45 24 дні тому

      I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.

    • @Patlove21
      @Patlove21 24 дні тому

      "Nicole Anastasia Plumlee" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

    • @Mckate45
      @Mckate45 24 дні тому

      I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

  • @grandmiserthe3rd434
    @grandmiserthe3rd434 Місяць тому +20

    Print ....... Spend ....... Crash ...... !!!

  • @mtmg3648
    @mtmg3648 29 днів тому +6

    This govt is FCKD up. Every single +50 year old friend and relative of mine has lost their job. Head hunters I know have said everything's at a stand still. This economy is BAD and has been BAD for awhile.

    • @tylerwilson2037
      @tylerwilson2037 25 днів тому

      My 88 yo grandma thinks our economy is stellar, unemployment is non existent, inflation is non existent... she thinks Kruela is a great candidate, thought the same about Joe blo..
      Still trying to reason with her... that: If we don't have a consensus bout the state of things. . Isn't that proof we're being lied to ?!

  • @christeng142
    @christeng142 29 днів тому +25

    I'm a bit lost and could use some advice. I've been holding onto $250,000, waiting for interest rates to stop rising, but now I'm questioning my strategy. With rates potentially continuing to climb and stocks declining, I'm unsure about what to do next.

    • @luisjoel-b6e
      @luisjoel-b6e 29 днів тому +6

      The stock market will go down further and goodluck on the fed pausing rate hikes w/ all the hawkishness that has failed to keep up with inflation.

    • @tammystut
      @tammystut 29 днів тому +5

      If the unemployment rate is able to remain steady while the Fed hikes and inflation falls back to target, a soft landing might be on the table

    • @clementdan9417
      @clementdan9417 29 днів тому +4

      Don’t expect a soft landing. We know inflation still far from its 2% destination - the FOMC didn’t raise rates now, we can never fortell their moves these days

    • @rosalopez5574
      @rosalopez5574 29 днів тому +3

      Fixed income Tbills and bonds may work for you while you try to figure out the next entry point for stocks

    • @patrickjones1392
      @patrickjones1392 29 днів тому +3

      I agree It’s always good to have a balanced fin-plan. I work with a professional planner multi mrkt and fixed-income strategist in NY.
      the fixed income portion of your portfolio won’t simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.

  • @henrywycislo9454
    @henrywycislo9454 Місяць тому +8

    Pretty stupid subject out of CNBC. Fed fed fed rate cut rate cut bla bla. Guest after guest after guest.

  • @nicholas5396
    @nicholas5396 Місяць тому +5

    Cutting early makes no sense. History shows cutting early can be catastrophic. Rates are not insanely restrictive. Between the cost of capital and higher prices people are slowly starting to spend less which is causing companies to lower prices. Bad for stocks but good for consumers in the long run. If data looks good in September then a modest cut makes sense to get back to neutral territory. Anything sooner seems to have no great reason other than to fuel the small cap stocks. Until or unless unemployment gets above 5% the dual mandate can focus on inflation only.

    • @chillones9574
      @chillones9574 Місяць тому

      The Rich want to burrow money at a lower rate duh lol and the consumer is driving prices down by spending less.

    • @atomicfly777
      @atomicfly777 Місяць тому +5

      Exactly. The stock market is way up over the past two years. Corrections and even recessions are healthy and necessary. The Fed should stick to their goal and not be swayed by Wall St loud mouths.

  • @ChrisSD-we1lk
    @ChrisSD-we1lk Місяць тому +4

    I think FED should increase the rate by 50 basis points. Layoff are increasing so will the date

    • @factcheck8481
      @factcheck8481 Місяць тому

      I will pull to recession

    • @johnyvik7242
      @johnyvik7242 Місяць тому

      Historically rates are on the low side- long term rates should be 5-6% not 3-4%

    • @atomicfly777
      @atomicfly777 Місяць тому +1

      Agree. Interest rates are historically pretty average. Cutting rates too low only fuels bubbles and helps the rich. With rates the way they are now savers can get a decent risk free rate.

    • @factcheck8481
      @factcheck8481 Місяць тому

      @@atomicfly777 inflation on paper never be realistic in life's. It's above 5% inflation. Only corporates make money from policy decisions. Middle class and poor struggle with post pandemic price hikes

  • @damham5689
    @damham5689 Місяць тому +17

    So if Trump says a cut is a gift to the Dems, then not cutting is a gift to Trump .

    • @michaelc1063
      @michaelc1063 Місяць тому +4

      DONT YOU DARE USE RATIONAL THINKING!!!

    • @user-jy4zd8bk4l
      @user-jy4zd8bk4l Місяць тому

      Trump is the dumbest person, when he speaks it's like going to the circus

    • @gsurtos6588
      @gsurtos6588 29 днів тому

      not cutting until trump becomes president. then he'll want the cut.

  • @starship519
    @starship519 Місяць тому +12

    Inflation hasnt been resolved. Feds not cutting

    • @huynguyentoantin
      @huynguyentoantin Місяць тому

      they have dual mandate

    • @starship519
      @starship519 Місяць тому

      @@huynguyentoantin theyre not cutting

    • @IproPvP
      @IproPvP Місяць тому

      @@starship519they’re cutting in sept idiot….

    • @chrisginoc
      @chrisginoc Місяць тому

      @@starship519The FED will only cut if the job market is broken or if unemployment hits the 4.5%+.

    • @starship519
      @starship519 Місяць тому

      @@chrisginoc im pretty sure they wont cut until inflation is destroyed

  • @SamHeine
    @SamHeine 12 днів тому

    I bet the rate cuts will be light for now.

  • @williammartin7277
    @williammartin7277 28 днів тому

    I agree with him with the economy slowing. The labor force participation is low and Sahm rule triggered. Don't think they should cut though because inflation is in the periphery.

  • @oxemediaTV
    @oxemediaTV Місяць тому +1

    Economy will change rapidly forsure in services. Bars etc but travel will still be up because the high end buyer will still have cash and buy stocks

  • @paulo4371
    @paulo4371 Місяць тому +1

    Neil should, because if you back since Covid he has been calling it

  • @johnyvik7242
    @johnyvik7242 Місяць тому +3

    First cut, housing prices rise more and inflation emerges again. Wont happen...if anything 25 bps Dec meeting. Stocks rise rest of 2024 one last liquidity pump..😊

    • @chrisginoc
      @chrisginoc Місяць тому

      Housing as in Owners Equivalent Rent is the only housing metric in inflation now home prices for sale.

    • @alekseygerbyn69
      @alekseygerbyn69 Місяць тому

      they won't pump if fundamentals are worsening. So we either have delayed super crash to later or severe crash will happen shortly.

  • @vsiva710
    @vsiva710 Місяць тому +4

    josh is so well behaved :)

  • @FLIPPER305
    @FLIPPER305 Місяць тому +13

    Dutta Da Man

    • @SigFigNewton
      @SigFigNewton Місяць тому +5

      I’m impressed with him. Nothing mindblowing, just common sense data based takes well articulated.

    • @AlfonsoDiSaliz
      @AlfonsoDiSaliz Місяць тому

      They should have him more often

  • @MatthewMS.
    @MatthewMS. Місяць тому

    Roaring 20’s 🎉 will continue thanks to new Tech Revolution 📈🇺🇸🤖

  • @Username18981
    @Username18981 29 днів тому

    Inflation kills countries, occasional recessions are healthy. Unless something breaks or Inflation tanks, there won't be a cut this year.

  • @eyelovecolorado2195
    @eyelovecolorado2195 Місяць тому +3

    They won’t cut. Powell doesn’t want to be known as the Volker of the 21st century.

  • @syproful
    @syproful Місяць тому +3

    Better to leave as is. Let the market work itself out.

    • @johnyvik7242
      @johnyvik7242 Місяць тому +1

      Raise half a point. If it spooks the market so be it

  • @juveno1000
    @juveno1000 29 днів тому

    Here’s a thought. Let the market do its thang. The Fed should stay nothing.

  • @illegalsmirf
    @illegalsmirf Місяць тому +2

    Who cares if people lose their jobs? All that matters is that stonks go up - the Fed must ensure the 1% keep getting richer.

    • @noneshere
      @noneshere Місяць тому

      Lol, the Feds just broke the bank of Japan.

  • @edgarsalas9935
    @edgarsalas9935 Місяць тому

    That graph isn't even close to scale

  • @RichardSKLim
    @RichardSKLim 29 днів тому

    The U.S. economy will never be able to recover well again if Americans are unwilling to take the bitter medicine of a deep recession.

  • @user-qr4lv1sh6w
    @user-qr4lv1sh6w Місяць тому

    A flat tax would save us

  • @cairo-g9g
    @cairo-g9g Місяць тому

    What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.

    • @SigFigNewton
      @SigFigNewton Місяць тому +1

      Thank you, bot thread, this will change my life!!!🙂🙃

    • @kyoungpyohong4387
      @kyoungpyohong4387 Місяць тому

      Cash is king

    • @d.c.3220
      @d.c.3220 Місяць тому

      @Manselus-w4h - FAKE